We need to see overlap in green waves 1 and 4 ($0.0203), but this overlapping structure has the possibility of an Ending Diagonal with a thrust up. It appears we are moving down in three waves. This would also go hand in hand with the move up being the beginning of a Third Wave.
I found a new site, where (BTC) fear is at an extreme. If you follow Elliott Wave then you know extremes are important and you most likely want to do the opposite.
I still think BTC has lower to go and BTCUSDSHORTS are still extremely low.
alternative.me/crypto/fear-and-greed-index/
The correlation below is uncanny. This is not the time to be short or out.
Sentiment:
ibb.co/pzybf58
Market Action:
ibb.co/sjty5Dz
I should have moved my blue Circle 3/4/5 over to the right
I found a new site, where (BTC) fear is at an extreme. If you follow Elliott Wave then you know extremes are important and you most likely want to do the opposite.
I still think BTC has lower to go and BTCUSDSHORTS are still extremely low.
alternative.me/crypto/fear-and-greed-index/
The correlation below is uncanny. This is not the time to be short or out.
Sentiment:
ibb.co/pzybf58
Market Action:
ibb.co/sjty5Dz
I should have moved my blue Circle 3/4/5 over to the right
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.